ABB and BYD Form Global Alliance in Energy Storage Solutions

September 5, 2014 – ABB and BYD Co., Ltd. announced today a strategic collaboration to jointly develop new solutions for energy storage building on their complementary strengths.

ABB combined with BYD, can broadly address worldwide energy storage requirements. This collaboration will accelerate the introduction of new solutions for electric vehicle charging, the fast ramp up of renewables combined with energy storage in off-grid and on-grid solutions as well as battery and energy storage solutions for the fast growing marine segment.

ABB and BYD share a common vision of sustainable power and industry as well as transport solutions. This stimulated the initiative of forming a unique global partnership aimed at creating sustainable value for the customers all around the world.

"We are pleased to build on our achieved joint success and broaden our excellent cooperation with BYD. This next step will bring closer together two leading companies with highly complementary expertise and market access for electric energy storage," said ABB Chief Executive Officer Ulrich Spiesshofer. "With this next step in our successful partnership, we live our promise: 'Power and productivity for a better world' in utilities, industries and transport & infrastructure."